DBBM financed the properties through individual loans utilizing HUD’s new LEAN program, which streamlines the application process for the refinancing and acquisition of seniors housing properties. The loans were structured with a 35-year fully amortizing term.

“This financing package represents an important milestone for DBBM as we expand our seniors’ housing efforts,” said Steve Wendel, co-head of DBBM. “We will continue to be active in the sector and are confident that this asset class will remain stable as markets improve.”